PURPOSE AND DURATION OF AGREEMENT Sample Clauses

The "Purpose and Duration of Agreement" clause defines the specific objectives of the contract and establishes the time period during which the agreement is valid. It typically outlines what the parties intend to achieve through their relationship and specifies the start and end dates, or the conditions under which the agreement will terminate. By clearly stating both the purpose and the duration, this clause ensures that both parties understand the scope of their obligations and the timeframe in which they must fulfill them, thereby preventing misunderstandings and disputes over the contract's intent or length.
PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in certain circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs. This Agreement, including the severance provisions governed by ERISA, shall expire five (5) years from the date first written above.
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PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer with certain benefits in circumstances where Officer’s employment is terminated. Except as set forth in Section 19.3, this Agreement shall expire on the second anniversary of the Effective Date. No less than 30 days prior to the expiration of this Agreement, subject to Officer’s continued employment with Umpqua or its affiliates, Officer shall be offered an opportunity to enter into an employment agreement with Umpqua on terms (including, without limitation, with respect to annual bonus opportunity and change in control protection and at an annual base salary no less than the Base Salary) no less favorable than the employment agreements Umpqua offers to, or has in place for, its similarly situated executives.
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PURPOSE AND DURATION OF AGREEMENT. This Agreement is for the sole purpose of internally evaluating the following PARADIGM software suite of products as enabled within the license key (“Software”). The Term of this License shall not exceed 32 days from the date of the issuance of the license and shall be specifically defined within the license key provided.
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PURPOSE AND DURATION OF AGREEMENT. The purpose of this Agreement is to set forth the terms of Officer’s employment with Umpqua and to provide Officer benefits in circumstances where Officer’s employment is terminated or a Change in Control (defined below) occurs and to supersede and replace that certain Terms of Employment and Severance Agreement dated as of September 15, 2003 (as amended by that certain Amendment to Terms of Employment and Severance Agreement dated January 5, 2005 and that certain Second Amendment to Terms of Employment and Severance Agreement dated effective June 1, 2007) that would otherwise expire September 15, 2009. This Agreement, including the severance provisions governed by ERISA, shall expire on December 31, 2014.
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PURPOSE AND DURATION OF AGREEMENT. The purpose of this Data Processing Agreement is to ensure that the arrangements for processing personal data on your behalf comply with the law and the relevant authority - the Houses of Parliament, Welsh or Scottish Parliaments, Northern Ireland Assembly, London - Comply with subject access request from you.
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PURPOSE AND DURATION OF AGREEMENT. The purpose of Agreement is to state the terms and conditions under which Auditor is to provide Client with consulting services designed to obtain rebates and reductions in the areas of Utilities and Telephone Expenses for the benefit of Client. The duration of this Agreement shall be for one year from the date of this Agreement. Auditor may continue to be paid after expiration of this period only as stated below. In consideration of the mutual promises contained within this Agreement, the parties agree to the following:
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PURPOSE AND DURATION OF AGREEMENT 
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Related to PURPOSE AND DURATION OF AGREEMENT

  • EFFECTIVE DATE AND DURATION OF AGREEMENT 25.1 This Agreement shall be effective from the 1st day of January, 2013 and shall be valid until the 31st day of December, 2015, and thereafter from year to year unless a written notice is given by either party within the period of four (4) months immediately preceding the date of expiration of the term of this Agreement, of their desire to terminate this Agreement or negotiate a revision thereof, in which case this Agreement shall remain in effect without prejudice to any retroactive clause of a new Agreement until negotiations for revision or amendments hereto have been concluded and a new Agreement superseding this Agreement has been duly executed. 25.2 The amendments to this Agreement, subject to ratification, are effective on the first of the month following ratification unless otherwise set out in the Letter of Settlement. Signed at Chilliwack, British Columbia on the day of March, 2013. On behalf of the Company: On behalf of the Union: Employees shall be paid in the following salary ranges according to their classification. An employee's pay level within the range will be determined based on the employee's demonstrated performance, as determined by the company. An employee’s placement in the range at time of hire is at the sole discretion of the Company. The parties recognize the salary ranges and the salary paid to individual employees are minimums. The Company reserves the right to implement, amend and cancel employee retention programs, share purchase programs, incentive plans and market supplement programs in its sole and absolute discretion. Shift Supervisor Working Shift Supervisor 7 Classification Rate of Pay Minimum Rate of Pay Intermediate Rate of Pay Maximum The following adjustments will be made to compensation: (a) Effective January 1, 2013, and upon implementation of the above Classifications, employees covered by this Agreement, who were placed and/or slotted in the pay ranges according to performance, as determined by the Company, and who received less than a two (2%) pay increase, or were red circled, will be eligible to receive a lump sum payment equal to two percent (2%) of their base pay in accordance with the terms and conditions of the Company policy. (b) Effective January 1, 2014, and retroactive to that date, the Company shall increase the above rates of pay by one and one-half percent (1 ½%). (c) Effective January 1, 2015, and retroactive to that date, the Company shall increase the above rates of pay by one and one-half percent (1 ½%). Employees, who have been red circled, will be eligible to receive a lump sum payment equal to the respective rate of pay increase set out in paragraphs (b) to (c) above, of their base pay, which will be paid in accordance with the terms and conditions of the Company policy. “Base Pay” shall not include over-time pay, shift differential, pay in lieu of vacation and bonus or incentive pay. The only provisions of this Agreement applying to temporary and casual employees are outlined in this Schedule B.

  • ENTRY INTO FORCE AND DURATION OF MOBILITY 2.1 The agreement shall enter into force on the date when the last of the two parties signs.

  • COMMENCEMENT AND DURATION 3.1 This Agreement will commence on the 1 July 2021 and will remain in force until 30 June 2022, after which a new Performance Agreement and Performance Plan shall be concluded between the parties for the next financial year or any portion thereof. 3.2 The parties will review the provisions of this Agreement during June each year. The parties will conclude a new Performance Agreement and Performance Plan that replaces this Agreement at least once a year by not later than the beginning of each successive financial year. 3.3 This Agreement will terminate on the termination of the Employee’s contract of employment for any reason. 3.4 The content of this Agreement may be revised at any time during the above-mentioned period to determine the applicability of the matters agreed upon. 3.5 If at any time during the validity of this Agreement the work environment alters (whether as a result of government or council decisions or otherwise) to the extent that the contents of this Agreement are no longer appropriate, the contents shall immediately be revised.

  • Entry into force and duration 1. This Agreement shall enter into force one month after the date of exchange of the instruments of ratification by the Contracting Parties. The Agreement shall remain in force for a period of ten years. Unless notice of termination is given by either Contracting Party at least six months before the expiry of its period of validity, this Agreement shall be tacitly extended each time for a further period of ten years, it being understood that each Contracting Party reserves the right to terminate the Agreement by notification given at least six months before the date of expiry of the current period of validity. 2. Investments made prior to the date of termination of this Agreement shall be covered by this Agreement for a period of ten years from the date of termination.